ADV/8/20-21/867 ABSLI SLI SecurePlus Plan UIN: 109N102V03 A non-linked non-participating life insurance plan Aditya Birla Sun Life Insurance Company Ltd. 1
Let your money work for you…. 2 Golden Rules for making your Money Work for you . . . ADV/8/20-21/867 & UIN: 109N102V03 Research Planning Aditya Birla Sun Life Insurance Company 2 Ltd. For Internal Circulation Only
But what will you do, when you discover . . . The economy is passing through a low interest rate regime with the RBI cutting rates for five consecutive times to boost growth. 14% 12% 12% 12% 12% * 10% ADV/8/20-21/867 9.50% 9.50% 8% 8.25% 8.50% 8.75% 8.80% 8.65% 8.55% 8.65% 8.50% 8.50% 8.50% 8.50% 8.50% 6% UIN: 109N102V03 4% 2% 0% *EPF interest trend Source: https://www.epfindia.gov.in/site_en/For_Employees.php : https://www.bankbazaar.com/saving-schemes/epf-interest-rate-trends-in-india.html#history https://economictimes.indiatimes.com/wealth/personal-finance-news/falling-interest-rates-hit-pensioners/articleshow/72141343.cms Aditya Birla Sun Life Insurance Company Ltd. 3 3
Where will you put your hard earned Money ! ! ! ADV/8/20-21/867 or UIN: 109N102V03 Fluctuating Instruments Guaranteed Instruments Aditya Birla Sun Life Insurance Company Ltd. 4 4
Presenting ADV/8/20-21/867 AB ABSLI I SecurePlus Plan UIN: 109N102V03 A non-linked non-participating life insurance plan Aditya Birla Sun Life Insurance Company Ltd. 5
A Guarantee suitable for many . . . HNI SHNI Mass Affluent ADV/8/20-21/867 UIN: 109N102V03 Guaranteed Option for Guaranteed Option for Secondary Income Portfolio Diversification Portfolio Diversification Children’s Education Hedging risks Hedging risks Life Style Continuity Aditya Birla Sun Life Insurance Company Ltd. 6
A Guarantee suitable for many . . . Simplicity Guaranteed* Life Cover – Safety Secondary Income of Loved Ones ADV/8/20-21/867 ABSLI SecurePlus Plan UIN: 109N102V03 A non-linked non – participating life insurance plan Inbuilt Accidental Death Benefit Tax Advantage Added Protection viz. Riders *provided all due premiums are paid Aditya Birla Sun Life Insurance Company Ltd. 7
Who Can Buy? Death Benefit - Scenario 1 ELIGIBILITY Entry Age 5 years - 50 years (age last birthday) Maximum Maturity Age 63 years (age last birthday) Policy Term 13 years Premium Paying Term 12 years ADV/8/20-21/867 Rs. 50,000 p.a. for annual mode Minimum Premium Rs. 36,000 p.a. for monthly mode • For Income Benefit Option A – 6 years (from the completion of policy term) UIN: 109N102V03 Payment Period • For Income Benefit Option B – 12 years (from the completion of policy term) Sum Assured will be determined based on your entry age and the premium amount you Sum Assured* commit to pay in a policy year. Minimum Sum Assured Rs. 5,22,000 Premium Mode *Annual | Monthly * Please check the eligibility applicable for further details. 8 Aditya Birla Sun Life Insurance Company Ltd.
Plan Benefit Income Benefit Option ABSLI SecurePlus Plan offers you the flexibility to choose between two Income Benefit Options to suit your requirements. After the completion of the policy term, you will start receiving Income Benefit payouts at the end of each year during the Payment Period which are fully guaranteed. These payouts are pre-defined percentage of the Annualized premium paid by you. Depending on your perceived need for an increasing or a level payout, you can choose one of the following options at inception to receive the Income Benefit payouts: ADV/8/20-21/867 Income Benefit Option A – Income benefit equal to 100%, 200%, 300%, 400%, 500% & 600% of annualized premium will be paid at the end of every year during the Payment Period for 6 years. UIN: 109N102V03 Income Benefit Option B – Income Benefit equal to 200% of annualized premium will be paid at the end of every year during the Payment Period for 12 years. Maturity Benefit On maturity date, you can choose to receive the commuted value of the Income Benefit as a lumpsum. Once the maturity benefit is paid, the policy shall be terminated. No Income Benefit shall be payable thereafter. Aditya Birla Sun Life Insurance Company Ltd. 9 For Internal Circulation Only
Plan Benefits Death Benefit In case of the unfortunate demise of the life insured during the policy term, the sum assured on death will be paid to the nominee. However, if life insured is different from the policyholder, the policyholder will receive the death benefits. The policy shall be terminated once the Death Benefit is paid. Sum Assured on death will be higher of: 10 times of the Annualized premium; or 105% of the Total Premiums Paid as on the date of death; or Sum Assured as absolute amount to be paid on death Where, Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes. ADV/8/20-21/867 In case of the unfortunate demise of the life insured during the Payment Period, the nominee would continue receiving the Income Benefit as per the benefit option chosen till the end of Payment Period. UIN: 109N102V03 In case the policy is issued on a minor life, if the death of the Life Insured takes place before the Life Insured attains age of 18 years or when the first instalment of Income Benefit becomes payable, then 2% of the annualized premium shall be payable as a one-time additional benefit. Inbuilt Accidental Death Benefit In the event life insured dies due to an accident during the policy term after attaining age of 18 years; we shall pay an additional Sum Assured to the nominee as an Accidental Death Benefit, subject to a maximum limit of Rs. 1 crore. Please refer to the Accidental Death Benefit exclusions section mentioned below for further details. Aditya Birla Sun Life Insurance Company Ltd. 10 For Internal Circulation Only
Plan Benefits Policy Loan Policyholder may take a loan against policy once it has acquired a surrender value. The minimum loan amount is Rs.5,000 and the maximum up to 85% of surrender value. Any outstanding loan balance will be recovered by us from policy proceeds due for payment and will be deducted before any benefit is paid under the policy. Should the outstanding policy loan balance equal or exceed the surrender value of your policy at any time, then the policy shall be terminated without value. ADV/8/20-21/867 Rider UIN: 109N102V03 For added protection, you can enhance your insurance coverage during the policy term by adding following riders for a nominal extra cost. ❑ ABSLI Critical Illness Rider (UIN: 109B019V03) ❑ ABSLI Surgical Care Rider (UIN: 109B015V03) ❑ ABSLI Hospital Care Rider (UIN: 109B016V03) ❑ ABSLI Waiver of Premium Rider (UIN: 109B017V03) Please refer to detailed brochures on riders or visit our website for further details. Aditya Birla Sun Life Insurance Company Ltd. 11
Other Features Grace Period If premiums are not paid by the due date, you will be given a grace period of 30 days . During this grace period all coverage under your policy will continue. In case premiums are not paid for two full years, then all benefits under the policy will cease immediately. In case premiums have paid for at least two full years, then your policy will continue on a Reduced Paid-Up basis Reduced Paid-up Benefit ADV/8/20-21/867 In case of discontinuance of premiums after having paid premiums for at least two full years, policy will not lapse but continue on a Reduced Paid-Up basis. Under Reduced Paid-Up, Sum Assured on Death, , Accidental Death Benefit, Income Benefit and additional benefit on death (applicable on minor lives) shall be reduced in proportion to the premiums actually paid to the total premiums UIN: 109N102V03 payable during the policy term. Rider Benefit, if any will cease. Revival Policy can be revived within five years from the first unpaid premium due date by paying all outstanding premiums with interest as declared from time to time. Surrender Policy will acquire a surrender value after all due premiums for at least two full policy years are paid. The surrender value payable will be the higher of Guaranteed Surrender Value or Special Surrender Value. Aditya Birla Sun Life Insurance Company Ltd. 12
How it works : Income Benefit option A Life Cover for entire Policy Term only Payment Period 0 19 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 ADV/8/20-21/867 Death 100% 200% 300% 400% 500% 600% UIN: 109N102V03 Sum Assured on Death Increasing Income Benefit Payment Period Income Benefit (% of AP) Year 1 100% 2 200% 3 300% 4 400% Additional Sum Assured 5 500% In case of Accidental Death 6 600% Aditya Birla Sun Life Insurance Company Ltd. 13
How it works : Income Benefit option B Life Cover for entire Policy Term only Payment Period 0 25 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ADV/8/20-21/867 Death Sum Assured on Death UIN: 109N102V03 Level Income Benefit Payment Income Benefit Payment Income Benefit Period Year (% of AP) Period Year (% of AP) 1 200% 7 200% 2 200% 8 200% 3 200% 9 200% Additional Sum Assured 4 200% 10 200% In case of Accidental Death 5 200% 11 200% 6 200% 12 200% Aditya Birla Sun Life Insurance Company Ltd. 14
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